Redemption of epcg authorization
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 July 2016
Sir,
If we are to redeem a EPCG Authorization for which EO has not yet being fulfilled, what shall be the applicable rate of interest and Custom Duty payable for proceeding the Redemption
If we are to redeem a EPCG Authorization for which EO has not yet being fulfilled, what shall be the applicable rate of interest and Custom Duty payable for proceeding the Redemption
28 July 2016
According to Customs Notification No :18/2011 Customs (NT) , interest on Customs duty is 18% per annum.
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